Brooklyn Investment Group Has $415,000 Stock Position in Target Co. (NYSE:TGT)

Brooklyn Investment Group increased its position in shares of Target Co. (NYSE:TGT) by 16.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,665 shares of the retailer’s stock after purchasing an additional 372 shares during the quarter. Brooklyn Investment Group’s holdings in Target were worth $415,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Triad Wealth Partners LLC acquired a new stake in shares of Target during the 2nd quarter worth about $25,000. Slocum Gordon & Co LLP acquired a new stake in shares of Target during the 2nd quarter worth about $28,000. Hobbs Group Advisors LLC acquired a new stake in shares of Target during the 2nd quarter worth about $31,000. Wolff Wiese Magana LLC increased its position in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Target during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

NYSE:TGT opened at $126.55 on Wednesday. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm has a fifty day simple moving average of $150.31 and a 200 day simple moving average of $149.05. The stock has a market capitalization of $58.30 billion, a PE ratio of 13.42, a P/E/G ratio of 2.14 and a beta of 1.24.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the business posted $2.10 earnings per share. Target’s quarterly revenue was up .9% compared to the same quarter last year. On average, research analysts expect that Target Co. will post 8.6 EPS for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 3.54%. Target’s dividend payout ratio is currently 47.51%.

Insider Buying and Selling at Target

In other Target news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the transaction, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the completion of the transaction, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. This trade represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. UBS Group increased their price objective on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research note on Wednesday, November 20th. Finally, TD Cowen reduced their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $160.30.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.